Conn's Inc (NASDAQ:CONN) – Investment analysts at KeyCorp issued their Q2 2018 EPS estimates for shares of Conn's in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst B. Thomas anticipates that the specialty retailer will earn $0.02 per share for the quarter. KeyCorp also issued estimates for Conn's’ Q3 2018 earnings at $0.12 EPS.
Other analysts have also issued reports about the stock. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Conn's in a research report on Friday. Zacks Investment Research lowered shares of Conn's from a “hold” rating to a “sell” rating in a research report on Wednesday, February 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.00.
Shares of Conn's (NASDAQ:CONN) traded up 2.799% during midday trading on Thursday, hitting $13.775. 284,420 shares of the stock were exchanged. The firm has a 50 day moving average of $9.74 and a 200-day moving average of $10.69. Conn's has a 12 month low of $6.54 and a 12 month high of $15.77. The stock’s market cap is $426.43 million.
Conn's (NASDAQ:CONN) last announced its earnings results on Tuesday, April 4th. The specialty retailer reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.16. The firm had revenue of $432.80 million for the quarter, compared to analyst estimates of $440.37 million. Conn's had a negative net margin of 1.51% and a negative return on equity of 1.82%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS.
Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in Conn's by 3.1% in the third quarter. Creative Planning now owns 10,051 shares of the specialty retailer’s stock valued at $104,000 after buying an additional 300 shares during the last quarter. Laurion Capital Management LP purchased a new stake in Conn's during the third quarter valued at approximately $114,000. Metropolitan Life Insurance Co. NY raised its stake in Conn's by 839.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,138 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 14,421 shares during the last quarter. Ellington Management Group LLC purchased a new stake in Conn's during the fourth quarter valued at approximately $311,000. Finally, Hodges Capital Management Inc. purchased a new stake in Conn's during the fourth quarter valued at approximately $379,000. 59.77% of the stock is owned by institutional investors and hedge funds.
Conn’s, Inc is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The Company operates through two segments: retail and credit. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display (LED), organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.
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